Schools in Newtown, Connecticut, are getting more than $1.3 million in U.S. government aid for counseling services as the community recovers from shootings five months ago at Sandy Hook Elementary that killed 26 people.
The deal in December to avert the so- called fiscal cliff had one welcome consequence: It derailed a new farm bill, the $100 billion annual spending package that’s renewed every five years and filled with subsidies for some of the U.S.’s most prosperous businesses.
It has been 35 years since California voters overwhelmingly approved Proposition 13, a measure that, as Governor Jerry Brown put it in 2011, “started the centralization of power” in the state. He should know because he was also governor in 1978 and helped oversee that shift.
The European Union warned China of possible tariffs on mobile-telecommunications equipment unless the government in Beijing curbs exports, the latest EU salvo against Chinese threats to manufacturers in Europe.
Austria’s central bank said Hypo Alpe-Adria-Bank International AG will likely avoid a 16 billion- euro ($21 billion) insolvency as policy makers negotiate with the European Commission over the nationalized lender.
Commerzbank AG, Germany’s second- biggest bank, is seeking 2.5 billion euros ($3.25 billion) in the fifth capital increase in four years to repay debt from a government rescue. The shares fell to a record low.